With a decade in the books, it’s time to take stock and share with you some of our favorites. These are the newest personal finance books that we truly believe all of us should read, no matter where we are on our financial venture. We have tried to include a diverse list of titles to appeal to everyone. Whether you’re just starting, turning over a new leaf after hitting a rough financial patch, or maybe just looking for some fresh content on topics, you don’t normally tackle. Personal finance is an integral part of any individual’s life, and as a result, personal finance books sell like hot bars in the market. These books help individuals learn various aspects of money management, growth, investment, taxes, retirement, etc. In this article, we want to highlight the top personal finance books of 2022. Personal finance is about, well, taking care of your finances. That can be investing, spending, saving, and managing your wealth over the long term.
While there are many personal finance blogs online and best-selling books on the subject, only a few resources compile lists of the best personal finance books together in one spot. We wanted to give you the best 15, so we decided to compile our list. While everyone’s definition of which book is “the best” will vary, these are based on our definition.
1. The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
Author: David Bach
This book is about a different way of creating wealth — an automatic plan for creating wealth, which is how the title got its name. It is one of the must-read finance books. David Bach calls this “automatic wealth,” and he makes the argument that it’s easier to do than what most people are doing to create wealth because all you need to do is start saving some of your paychecks. The rest is completely automatic. Among other things, The Automatic Millionaire gives readers a systematic plan to establish status-quo-busting financial security as early as feasible in their adult lives. It is one of the best books on finance and investing. Readers will learn a simple, straightforward way of thinking that eliminates confusion over money and investment strategies and eliminates products, sales pitches, and advertisers.
2. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
Author: JL Collins.
It doesn’t matter what your income might be, and this book is for everybody. But even better than that, he tells us how to invest in a manner that can allow you to sleep well at night. He lays out the simple path that most mutual fund managers often forget, and he backs it all up with data. This common-sense approach is quite welcome in today’s sometimes overly complicated investing world. If you are studying for one of the best books on finance, it will help you reach your financial goals, and we recommend this one without hesitation. Resource author JL Collins came up with an investment solution that enables you to decide how much risk you are compliant and able to take. One of the best books on finance management gives people the freedom to participate in the stock market in a safe, reliable, and inexpensive manner if properly executed.
3. Retire Before Mom and Dad
Author: Rob Berger.
The book ‘Retire Before Mom and Dad’ is a groundbreaking new approach that helps people create their financial legacy. No doubt, it is one of the best books on finance and investing. It shows how to avoid making the mistakes made by so many Americans. So most readers will learn how to retire early and gain the freedom to pursue the life they’ve always wanted. When Rob Berger, through his book, “Retire Before Dad and Mom,” hit a nerve among the baby boomer generation in the United States, he thought he might sell just a few hundred more copies. Now the book has sold more than 220,000 copies. There is a lot of angst on many baby boomers about saving for retirement and accumulating enough money to retire. This book contains solutions that other writers have not addressed and is written directly to the boomer. It lies in the category of must-read finance books.
4. When She Makes More
Author: Farnoosh Torabi
While this book is pitched as a guide for women about “When She Makes More,” it is, in fact, a guide for both men and women. Farnoosh writes with honesty, insight, and often humor. She addresses many of life’s challenges and how to deal with them while keeping your relationship intact. We highly recommend this book not just for the woman in the relationship earning more, but also for the man. Considered one of the best books for financial success. The bestselling author of “Farnoosh Torabi teaches women how to take control of their money, earn more, and live a richer life in her book, “When She Makes More.” This book covers everything from investing to marriage to breakups, tailored specifically to the woman bringing home the bacon. It is a must-read finance book.
5. Women & Money
Author: Suze Orman
Women & Money is the first book in Suze Orman’s Money Book Series. While the author does not specifically write a “financial self-help” book for women, her budgeting tips, saving money, taxes, and retirement figures should prove helpful to most women who read it. This is one of the most beneficial personal finance books. Other topics include dealing with credit cards (how to get them, how to use them without getting crushed by high credit card interest rate charges), buying property, insurance issues (health, life, medical), negotiating pay raises, and more. There are three appendices in the book. That’s why we considered it a must-read finance book covering where to find the best deals on everything from mortgages to investing.
6. Think and Grow Rich
Author: Napoleon Hill
Think and Grow Rich was first published in 1937. It’s been called the “Granddaddy of All Motivational Literature.” For over 70 years, it has been considered the best book on finance for beginners. Think and Grow Rich is one of the most remarkable books of all time. To achieve wealth, you have to know exactly how riches come to men and women in large quantities. You have to have a burning desire for riches. You have to be willing to go through the fire of experience, overcoming failure after failure. And this book will give you the same advice and become one of the best books on financial success. Each time you fail, you learn why it happened, and each failure makes you stronger until finally, you succeed.
7. You Are a Badass at Making Money: Master the Mindset of Wealth
Author: Jen Sincero
The book’s main point is to emphasize that success is about being true to your path and not about following the footsteps of other successful people. This is a very good message overall, especially for introverts or people who feel overwhelmed by the idea of becoming rich. In short, it is one of the best books on finance in which the author wants to help you become successful through methods that you feel are right for you, rather than copying some strategies and tricks that have worked for others. The author is quick to point out the difference between internal and external expectations. “What we want to happen and what we think should happen are not always the same thing,” says Sincero in his book. That’s why we pen down it in the category of must-read finance books, adding that wanting something isn’t enough; instead, your relationship with money needs to be overhauled.
8. The Millionaire Next Door
Author: Thomas J. Stanley
The Millionaire Next Door is a captivating book summarizing the research and experience of Thomas J. Stanley. This is one of the personal finance books. Combining his professional experience as an accountant and researcher with sociology, Stanley presents a useful guide to increasing net worth in the US. Comparing typical American families to ‘millionaire’ (net worth of $1 million or more) households, Stanley found that the millionaires-to-be are very unlike their popular perception. Rather than driving luxury cars, wearing designer clothes, or living in large homes, millionaires typically live in modest homes, drive older vehicles, have money invested in stocks and real estate holdings, and gross your money. So, if you seek the best books for financial success, we must recommend you go for that.
9. Spend Well, Live Rich: How to Get What You Want with the Money You Have
Author: Michelle Singletary
In the conclusion of the book, “Spend Well, Live Rich: How to Get What You Want with the Money You Have,” financial journalist and syndicated columnist Michelle Singletary explores the idea of getting wealthy now versus waiting. She compares a person who has a big goal that may take years to achieve vs. choosing to invest money to live well when it is achieved. She also gives some tips for bargaining for more pay. Michelle Singletary was a money columnist for “The Washington Post” and renowned for many personal finance books. This book is a culmination of Singletary’s more than ten years of work as a financial expert for the newspaper and her radio show on Radio One.
10. Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
Author: Vicki Robin
Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence,’ by Vicki Robin, is about different money management philosophies. It is considered one of the best books for financial success. It is an independent guide to help people take charge of their life instead of being controlled by money. The ideas are presented in a very easy and simplistic manner. This book stresses the importance of leading a stress-free life but not via extravagance that everyone has been doing, rather by following certain principles such as cutting down unnecessary expenses, getting rid of debts and savings for life events, generating passive income, to name a few. Every principle mentioned in this book is backed by solid facts and statistics, verified online.
11. Broke Millennial
Author: Erin Lowry
Millennial money expert Erin Lowry has built an entire brand by sharing her financial journey with the world. Her philosophy is that “money is a means to an end, not the end itself.” Rather than seeking it to lead a life of luxury, Lowry champions frugality as a way to afford the things that matter, like travel and experiences. Broke Millennial is one of her best books on finance for beginners. Her book is littered with anecdotes about spending $20 on brunches or wearing discount clothes in place of splurging on expensive outfits. This attitude has inspired others struggling with debt and created a down-to-earth persona for themselves. Her all-written books are very helpful, but Broke Millennial is one of her best books on finance.
12. Get A Financial Life: Personal Finance in Your Twenties and Thirties
Author: Beth Kobliner
Beth Kobliner’s “Get A Financial Life” is one of the best books on finance and investing out there for young adults. Financial life is financially sound, safe, and even fun. The book describes inflation, equity-market investing, annuities, Social Security and Medicare benefits, mutual funds, bank account options, insurance needs, and more. Get A Financial Life: Personal Finance in Your Twenties and Thirties,’ by Beth Kobliner, is full of facts about how to get the most out of your finances. It’s highly written and well organized. You will enjoy reading through some tips that you haven’t yet heard, and there are many detailed explanations as to why we should be mindful of our money. Moreover, there were so many great things that you would find within its pages, like creating a budget and making monthly savings! It’s a book that is worth every penny.
13. The Financial Diet: A Total Beginner’s Guide to Getting Good with Money
Author: Chelsea Fagan and Lauren Ver Hage
Chelsea Fagan discusses topics like spending habits, credit cards, and insurance in a comedic way that keeps the reader wanting more. This is a book about getting your finances together, not losing weight. Although it does contain tips on saving money on food and fitness, the main focus is on the underlying reason why we lack those dollars and cents. This is a great book on financial literacy. Chelsea breaks down her philosophy into easy steps to follow so you can cure your bad spending habits for good. Like get your finances in order and gain control of your money. It’s possible to get a handle on student loans, credit cards, and high rent costs. So, whether you’re deep into your personal finance education or just starting to grow concerned about your lack of retirement planning, this book offers a wealth of information in an approachable way.
14. The Money Manual
Author: Tonya B. Rapley
“The Money Manual,” by author Tonya B. Rapley, provides a step-by-step plan to take the confusion out of understanding and analyzing your finances. It is one of the best books on financial literacy. After reading and applying the techniques taught in this guidebook, you can expect to have your money struggles disappear before your very eyes. With a simple plan named “Systematic Segmentation,” you’ll learn how to save, budget, and create a checklist for spending while also taking advantage of the opportunity to live debt-free. The Money Manual is an inspirational and motivational journey to understand why you haven’t moved forward in your finances. It isn’t easy to think about money, especially when others around you are barely getting by. We will put it in the catalog of one of the best books on finance for beginners.
15. Clever Girl Finance
Author: Bola Sokunbi
Clever girl finance is a financially independent woman who loves herself enough to do what it takes to get where she wants to be, loves those around her by sharing her success, and by doing so, she shares with the world — Bola Sokunbi. After reading The Clever Girl Finance book for a couple of years, we were very excited to receive Bola Sokunbi’s book, The Clever Girl Finance: A Girls Guide to a Richer, Happier Life. In the book, you will discover several helpful money-saving tricks that have not been common knowledge to you. Although you are not an avid reader of finance books, we would recommend this book to others who are more educated about the subject and grab all the money investing techniques from one of the best books on finance and investing.
Personal finance books are not one-size-fits-all. The reason is that people’s situations differ too much. That’s why it is important to find the type of book that matches your situation and needs. Some people need to learn how to get out of debt, while others plan for their retirement. With so many good decisions on the market, it can be hard to find the right book for you. However, sometimes what is convenient or appealing isn’t in your best interest. This is why we decided to create a list of some of the best personal finance books of 2022 and how you can use them to transform your life. And we hope that it will help you out.